The Linux Foundation has announced that several leaders in the financial services industry have joined forces to announce OpenMAMA, a new open-source project to deliver a high-performance messaging interface that can speed time to market for new applications.

The foundation said Bank of America, Merrill Lynch, EMC, Exegy, Fixnetix, J.P. Morgan and NYSE Technologies will form the steering group to collaborate on OpenMAMA, a high-performance Middleware Agnostic Messaging API (MAMA) that provides a common, consistent layer over a variety of message-oriented middlewares.

OpenMAMA will be hosted by The Linux Foundation, which provides a neutral framework and governance infrastructure on top of which communities can innovate. The OpenMAMA Project announced version 1.1 of OpenMAMA Oct. 31.